Zero-beta asset

{
  "id": "MLC-T-INS-003577",
  "term": "Zero-beta asset",
  "field": "Insurance and risk management",
  "definition": "An asset whose returns are statistically uncorrelated with the overall market returns, implying it has no systematic risk. In financial theory, such an asset's beta coefficient is zero, meaning its price movements are independent of market fluctuations. While purely zero-beta assets are theoretical, some assets like short-term Treasury bills or certain insurance products may approximate this characteristic.",
  "url": "https://mlchart.com/terminology/insurance/zero-beta-asset/"
}